Arianne Phosphate (CVE:DAN) Trading Up 37.1% - Still a Buy?

Key Points

• Arianne Phosphate Inc. saw a significant share price increase of 37.1% on Tuesday, reaching a high of C$0.25 from a previous close of C$0.18.
• The trading volume surged to 829,377 shares, a remarkable increase of 576% compared to the average session volume.
• The company, focused on developing the Lac à Paul phosphate project in Quebec, has a market cap of C$51.29 million and a price-to-earnings ratio of 4.80.

Arianne Phosphate Inc. (CVE:DAN - )'s share price shot up 37.1% during trading on Tuesday . The company traded as high as C$0.25 and last traded at C$0.24. 829,377 shares were traded during trading, an increase of 576% from the average session volume of 122,742 shares. The stock had previously closed at C$0.18.

Arianne Phosphate Price Performance

The company has a market cap of C$51.29 million, a price-to-earnings ratio of 4.80 and a beta of 0.50. The company has a current ratio of 0.75, a quick ratio of 1.68 and a debt-to-equity ratio of 84.98. The company's 50 day moving average price is C$0.16 and its 200 day moving average price is C$0.16.

About Arianne Phosphate

Arianne Phosphate Inc engages in the acquisition and exploration of mining properties in Canada. It primarily focuses on developing Lac à Paul phosphate project located in the Saguenay-Lac St-Jean area, Quebec. Arianne Phosphate Inc was founded in 1997 and is headquartered in Chicoutimi, Canada.

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